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Punj Lloyd secures USD 800 million prestigious contract in Qatar

Source: 9/23/2008, Location: Middle East

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Punj Lloyd awarded the Engineering, Procurement, Installation, and Commissioning of Strategic Gas Transmission Project, worth USD 800 million (Rs 3636 crores), from Qatar Petroleum. The project includes laying of 211 km of pipeline with associated stations and infrastructure.

The project will transport 2000 MMSCFD1of sweet lean gas from Ras Laffan to different consumers via 36 inch diameter pipelines. Work on the project is expected to be completed in 32 months.

According to Mr Atul Punj, Chairman, Punj Lloyd Group, “This is the fourth EPC contract that we have bagged in Qatar and this prestigious contract demonstrates the confidence of the client in Punj Lloyd Group?s capability in executing large and challenging projects. The project will facilitate in meeting the power and water production growth of Qatar.”

“Middle East is a key market for us. Owing to the rapid infrastructure and oil & gas development in the region, we will continue to secure large ticket orders for our portfolio. I am glad our strategy of operating in different geographies is paying rich dividends”, he further added.

Punj Lloyd has major presence in Qatar and is executing key EPC projects including the Doha Urban Pipeline Relocation and the Multi-Product Pipeline from Qatar Petroleum Refinery to Doha Depot for Qatar Petroleum, and fuel systems for the New Doha International Airport.

With this, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 24063 crore. This is the total value of unexecuted orders as of June 30, 2008 and new orders received till date.

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